Certik Skynet and WalletGuard: Tools to Boost Crypto Security
Key Insights
- Certik Skynet and WalletGuard offer real-time alerts and evaluations that highlight the security strengths or weaknesses of projects and personal crypto wallets, guiding investors in making more informed decisions.
- Reviewing security scores and comprehensive data available through Certik Skynet minimizes the chances of investment in faulty or scam projects by providing a systematic way to review a project’s history, code integrity, and operational metrics like transaction volume and community engagement.
- By scanning and monitoring for suspicious activities or connections, WalletGuard helps prevent unauthorized transactions and connections to risky protocols, significantly reducing potential financial losses in an environment that is inherently prone to cyber threats.
Ensuring safety when investing in cryptocurrencies is one of the basic needs of any investor.
Since the cryptocurrency market is still in its early stages of development, crypto investing carries a lot of risks. Risk mitigation and crypto security is an important task for a user who is going to invest in crypto assets and interact with DeFi protocols.
Proactive monitoring and assessment tools, like ones we look into in this article, serve as essential guardians for digital asset protection, acting as an early warning system against potential threats, all within the approaches of crypto security.
Real-time surveillance mechanisms (Certik Skynet and WalletGuard are among those solutions) integrated into browser extensions provide continuous protection, offering immediate alerts about questionable activities and suspicious patterns.
Comprehensive evaluation platforms that analyze both technical infrastructure and social presence deliver crucial intelligence for providing crypto security and making informed crypto investing decisions.
Let's look in more detail at these both tools, Certik Skynet and WalletGuard, that help in ensuring safety, crypto security, and reducing the risk of losing money in the cryptocurrency market.
What Is Certik Skynet
Certik Skynet is a useful service for checking cryptoprojects for security from the leading auditing company Certik. With this service you can analyze not only DeFi projects, but also projects from other crypto spheres, crypto wallets and exchanges.
With Certik Skynet you can analyze the security of the service and other important metrics:
Project Code Security
Certik Skynet provides data on project audits from Certik or other auditors and assigns the project a rating based on code security. You can also see links to audits, project activity on GitHub.
Fundamental metrics
Information about the project's age, start of activity, KYC results, as well as crypto investing received by the project and the list of investors.
Operational and market indicators
Information about the project's TVL, capitalization, transactions, active users, website vulnerability scanning results.
Community
Project's Twitter (X) activity, number of followers, age of Twitter account (X).
Based on all metrics, Certik Skynet assigns projects a Security Score, which reflects the overall security score of the project according to on-chain and off-chain metrics.
How to Use Certik Skynet
If you want to verify a crypto project using Certik Skynet, here are instructions on how to do it:
Go to the Certik Skynet website.
Select the project you want to check out and paste the name into the search bar.
Click on the selected project and view the security report and other information about the protocol. At the top you will see an overall diagram showing the crypto security level of the protocol based on all analyzed data.
Based on the information obtained, decide whether to interact with the protocol or not and whether to embark on crypto investing. If the security level is high as a result of the verification, trust in the protocol increases and the risks of losing your invested funds are reduced.
If the crypto security rating is low, it is recommended to reconsider your strategy and not to use a project that potentially threatens your assets.
What Is WalletGuard
WalletGuard is an excellent tool for checking the security of your crypto wallet, finding dangerous connections to protocols and other vulnerabilities that threaten your funds. WalletGuard is available as a browser extension and works in real time, alerting the user to suspicious transactions from their crypto wallet and the possible threat of losing funds.
Using WalletGuard helps maintain the integrity of an investor's personal crypto wallets by proactively identifying and mitigating threats in real time.
How to Use WalletGuard
To make use of WalletGuard, follow a few simple steps:
Go to WalletGuard's official website and install the free browser extension.
Launch the extension and connect the crypto wallet you want to verify and use in working with protocols and confirm that you are its owner by signing the corresponding message.
Run a threat scan
WalletGuard will scan your crypto wallet and transaction history for dangerous connections, risk of loss of funds, and report on the security level of your crypto wallet.
If necessary, remove threats, such as dropping connections to dangerous protocols.
WalletGaurd will also alert you to transactions you are about to make from your crypto wallet when you interact with protocols and show you the possible dangers of the sites and protocols you interact with.
Periodically check your WalletGuard wallets for threats to increase the security of your funds and successfullyimplement crypto strategies.
We’d like to remind you that you can get any cryptocurrency for fiat or crypto on SimpleSwap.
Summary
Using Certik Skynet and WalletGuard tools will increase the security of your funds and help in selecting protocols for different investment strategies.
These crypto security tools will help you protect yourself from interacting with dangerous protocols and signing suspicious transactions that could cause you to lose your assets.
Crypto security is one of the key elements of a successful investor, so you should not neglect it and maximize the opportunities of existing tools to ensure it.
Remember that your funds depend only on you and always do your own research before interacting with any projects and protocols.
The information in this article is not a piece of financial advice or any other advice of any kind. The reader should be aware of the risks involved in trading cryptocurrencies and make their own informed decisions. SimpleSwap is not responsible for any losses incurred due to such risks. For details, please see our Terms of Service.
